Envestnet Asset Management Inc. Sells 449 Shares of FirstCash Holdings, Inc. (NASDAQ:FCFS)

Envestnet Asset Management Inc. trimmed its holdings in shares of FirstCash Holdings, Inc. (NASDAQ:FCFS) by 0.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200,772 shares of the company’s stock after selling 449 shares during the quarter. Envestnet Asset Management Inc. owned 0.45% of FirstCash worth $24,157,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in FirstCash by 808.0% in the first quarter. Farther Finance Advisors LLC now owns 227 shares of the company’s stock valued at $27,000 after buying an additional 202 shares during the last quarter. CX Institutional acquired a new stake in shares of FirstCash during the 1st quarter valued at approximately $42,000. UMB Bank n.a. increased its stake in shares of FirstCash by 167.5% during the 1st quarter. UMB Bank n.a. now owns 452 shares of the company’s stock worth $54,000 after purchasing an additional 283 shares in the last quarter. Quarry LP increased its stake in shares of FirstCash by 986.5% during the 4th quarter. Quarry LP now owns 565 shares of the company’s stock worth $59,000 after purchasing an additional 513 shares in the last quarter. Finally, Hurley Capital LLC purchased a new stake in FirstCash in the 4th quarter worth approximately $74,000. Institutional investors and hedge funds own 80.30% of the company’s stock.

FirstCash Trading Down 1.1%

NASDAQ FCFS opened at $129.94 on Wednesday. The company has a market cap of $5.77 billion, a PE ratio of 20.79 and a beta of 0.62. The stock has a 50 day moving average of $130.55 and a 200-day moving average of $121.36. FirstCash Holdings, Inc. has a 12 month low of $100.24 and a 12 month high of $138.42. The company has a current ratio of 4.39, a quick ratio of 3.28 and a debt-to-equity ratio of 0.83.

FirstCash (NASDAQ:FCFS) last announced its quarterly earnings data on Thursday, April 24th. The company reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.32. FirstCash had a return on equity of 16.08% and a net margin of 8.29%. The firm had revenue of $836.42 million during the quarter, compared to analysts’ expectations of $837.11 million. During the same period in the previous year, the firm earned $1.55 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities research analysts anticipate that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, May 15th. FirstCash’s dividend payout ratio (DPR) is presently 24.32%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Saturday.

Insiders Place Their Bets

In other FirstCash news, insider Howard F. Hambleton sold 3,900 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $130.93, for a total transaction of $510,627.00. Following the completion of the sale, the insider owned 32,481 shares of the company’s stock, valued at $4,252,737.33. This represents a 10.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 14.77% of the company’s stock.

FirstCash Profile

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. The company operates in three segments: U.S. Pawn, Latin America Pawn, and Retail POS Payment Solutions segments. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers.